Fuyao Glass's net profit in 2025 is expected to exceed 9.3 billion yuan; the total reduction ratio of shareholders of Zhaoyan New Drug decreases to no more than 3% | Selected Announcements

Mergers and Acquisitions Restructuring

Shapu Aisi: Plans to acquire 100% equity of Shanghai Qinli for 528 million yuan

Shapu Aisi announced that it plans to acquire 100% equity of Shanghai Qinli held by its controlling shareholder Yanghe Industrial and its concerted action partner Yihe Medical for 528 million yuan in cash. After the transaction is completed, the company will indirectly hold 100% of Tianlun Hospital in Shanghai.

Cootes Intelligent: Plans to sign a memorandum of understanding to acquire controlling stake in key operating companies within Korea’s APM Group, approximately 500 million yuan

Cootes Intelligent announced that its subsidiary Aijia International (Investment) Development Co., Ltd. has signed a Memorandum of Understanding with Seok Joo Hyung and Song See Yong, intending to acquire controlling stake in major operating companies within Korea’s APM Group for cash. The total transaction amount is expected to be around 500 million yuan, with specific payment arrangements and pricing to be negotiated and finalized.

Performance Disclosure

Fuyao Glass: Net profit of 9.312 billion yuan in 2025, up 24.20% year-over-year

Fuyao Glass announced that its revenue in 2025 was 457.87 billion yuan, a 16.65% increase year-over-year; net profit was 9.312 billion yuan, up 24.20%.

Wancheng Group: Net profit of 1.345 billion yuan in 2025, up 358.09% year-over-year

Wancheng Group announced that its revenue in 2025 was 514.59 billion yuan, a 59.17% increase; net profit was 1.345 billion yuan, up 358.09%.

Sinopharm: Net profit of 1.136 billion yuan in 2025, up 76.80% year-over-year

Sinopharm released its performance quick report, showing that total operating revenue in 2025 was 734.16 billion yuan, a 1.29% decrease; net profit was 1.136 billion yuan, up 76.80%.

Shareholding Changes

Hao Tai Tai: Shareholder Hou Pengde plans to reduce holdings by no more than 3%

Hao Tai Tai announced that shareholder Hou Pengde plans to reduce no more than 12.072 million shares, representing no more than 3% of the company’s total share capital, due to personal funding needs.

Jin Yinhe: Shareholder Haihui Wealth plans to reduce holdings by no more than 4.31%

Jin Yinhe announced that Guangzhou Haihui Wealth Venture Capital Partnership (Limited Partnership) currently holds 9.28% of the company’s shares and plans to reduce no more than 7.5 million shares, accounting for 4.31%, due to its own funding needs.

Zhaoyan New Drug: Shareholders Gu Xiaolei and Gu Meifang adjust their reduction plans, total reduction ratio lowered to no more than 3%

Zhaoyan New Drug announced that shareholders Gu Xiaolei and Gu Meifang plan to adjust their total reduction ratio from no more than 4.1026% of the company’s total share capital to 3.00%, with the reduction method changing from centralized bidding to a combination of centralized bidding and block trades.

Risk Warning

Yingji Xin: Facing penalties for information disclosure violations; involved executives will also be penalized

Yingji Xin announced that on March 17, 2026, it received an “Administrative Penalty Notice” from the Shenzhen Regulatory Bureau of the China Securities Regulatory Commission. The company disclosed inaccurate and incomplete information on the interactive platform on January 6, 2026, which is suspected of misleading statements. The CSRC Shenzhen bureau plans to issue a warning and a fine of 4 million yuan to the company; warnings and fines of 2.1 million yuan, 1.1 million yuan, and 800,000 yuan will be issued to Director Chen Xin, Chairman Huang Hongwei, and Secretary of the Board Wu Renchao, respectively.

Huitian New Materials: Fully owned subsidiary involved in fire incident, ordered to suspend production

Huitian New Materials announced that its wholly owned subsidiary Yicheng Huitian Flexible Packaging Workshop experienced a fire on March 16. The fire has been extinguished with no casualties or secondary disasters. Yicheng Emergency Management Bureau ordered the subsidiary to suspend production until the cause is investigated and approved for resumption. The incident caused damage to factory buildings, equipment, and inventory, affecting some polyurethane packaging glue products. The specific losses are under assessment and are expected to impact the company’s 2026 operating performance.

Huid Technology: Subsidiary needs to pay additional taxes and late fees

Huid Technology announced that its wholly owned subsidiary Fujian Huid needs to pay an additional 9.6798 million yuan in taxes and 2.6215 million yuan in late fees following self-inspection. This payment does not involve administrative penalties. The additional taxes and late fees will be recorded as current period expenses, expected to impact the company’s 2025 net profit by approximately 12.3013 million yuan, subject to the audited financial statements for 2025.

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